Tata Global jumps 7% post robust Q2

Shares of Tata Global Beverages jumped 7 per cent on the Bombay Stock Exchange after the Tata group company reported 60 per cent year growth in consolidated net profit at Rs 140 crore for the second quarter ended September 30, 2016, compared to Rs 87 crore in the same quarter last year. Boosted by Q2 earnings, shares of company gained as much as 7 per cent in intra-day to hit intraday high of R

Bank of Baroda zooms over 9% on robust Q2

Shares of Bank of Baroda jumped over 9 per cent on the Bombay Stock Exchange after the bank reported more than four-fold jump in net profit at Rs 552 crore for the quarter ended September 30, 2016, compared to profit of Rs 124 crore in the same quarter last fiscal. Boosted by Q2 earnings, shares of bank gained as much as 9.11 per cent in intra-day to trade at Rs 175.35 apiece on Bombay Stock Ex

Merck hits 52-week high on robust Q3

Shares of Merck rallied over 13 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company reported more than double net profit at Rs 27.54 crore for the quarter ended September 30, 2016 (Q3CY16), compared to Rs 12.51 crore in the same quarter last year. Boosted by Q3 earnings, shares of company gained as much as 13.38 per cent in intra-day and touched 52-week high to trade

Hindalco Ind dips nearly 3% post Q2

Shares of Hindalco Industries fell nearly 3 per cent, paring early gains, on the Bombay Stock Exchange even after the company reported strong growth in its second quarterly profit. Early today, the company’s share touched 52-week high of Rs 180.

The company posted over three-fold jump in standalone net profit at Rs 440 crore for the quarter ended September 30, 2016, compared to

Tata Motors tumbles 9% post Q2 results

Shares of Tata Motors tumbled nearly 9 per cent on the Bombay Stock Exchange after the auto major’s second quarterly profit fell short of expectations. The automobile giant on Monday reported consolidated profit after tax of Rs 848 crore for the September quarter, riding on robust sales of its British arm Jaguar Land Rover across various overseas markets. It had posted a consolidated loss

Motherson Sumi plunges nearly 7% on rating downgrades

Shares of Motherson Sumi Systems tumbled nearly 7 per cent on the Bombay Stock Exchange after brokerages affirmed negative rating following its second quarter numbers. The company has reported a lower-than-expected 26.17 per cent growth in consolidated net profit at Rs 479.85 crore for the September quarter, compared with Rs 380.32 crore in the year ago period. Weighed down by rating downgrades

Page Ind extends loss on poor Q2; scrip falls 10%

Shares of Page Industries, also known as Jockey India, plunged nearly 10 per cent on the Bombay Stock Exchange after the company reported a lower-than-expected 14.05 per cent growth in its net profit at Rs 68.67 crore compared with Rs 60.21 crore reported for the same quarter last year. The company has also declared payment of second interim dividend of Rs 25 per share on an equity share value

Jain Irrigation Systems surges over 5% post Q2

Shares of Jain Irrigation Systems rallied over 5 per cent on the Bombay Stock Exchange after the company reported a consolidated net profit of Rs 28 crore for the quarter ended September 30, 2016 (Q2FY17) against a net loss of Rs 5.4 crore in the year ago period. Following the turnaround in Q2 earnings, shares of company gained as much as 5.27 per cent to hit intraday high of Rs 104.75 apiece o

Sun Pharma jumps over 6% on robust Q2

Shares of Sun Pharmaceuticals Industries surged over 6 per cent on the Bombay Stock Exchange after drug maker reported a jump of over two-fold in its consolidated net profit after taxes (PAT) at Rs 2,235.14 crore for the second quarter ended September 30, 2016. Boosted by surge in Q2 profit, shares of company gained as much as 6.15 per cent to hit intraday high of Rs 708.00 apiece on Bombay Sto

Balmer Lawrie & Co hits 52-week high on bonus issue

Shares of Balmer Lawrie & Company surged nearly 13 per cent, hitting 52-week high, on the Bombay Stock Exchange after its board announced issuance of bonus shares in the proportion to be issued 3 new equity bonus shares for every 1 existing equity share. “The board of directors of the company has Recommendation for issuance of bonus shares of the company in the proportion to be issued

TCS hits 52-week low as Tatas remove Cyrus Mistry as chairman

Shares of Tata Consultancy Services tanked nearly 3 per cent, hitting 52-week low, on the Bombay Stock Exchange as investors remained concerned over ongoing tussle between Tata Sons and Cyrus P. Mistry. In a fresh development, Tata Sons has nominated Ishaat Hussain as the chairman of the board of directors of the company in place of Cyrus P. Mistry with immediate effect. In line with benchmark

SAIL surges over 6% on pact with POSCO

Shares of state-run Steel Authority of India Limited (SAIL) jumped over 6 per cent on the Bombay Stock Exchange after steel maker inked a memorandum of understanding (MoU) with Posco on a technical collaboration for operational improvements and human resource development. Boosted by the development, shares of company gained as much as 6.33 per cent to hit intraday high of Rs 52.85 apiece on Bom

Cipla surges 7% despite weak Q2

Shares of Cipla jumped 7 per cent on the Bombay Stock Exchange after drug maker reported lower-than-expected profit of Rs 354 crore for the quarter ended September 30 compared to Rs 543 crore in the same period last year. Despite reporting Weak Q2, shares of company gained as much as 7.04 per cent to hit intraday high of Rs 565.30 apiece on Bombay Stock Exchange.

In a similar fashion,

JK Tyre & Ind surges 8% post Q2

Shares of JK Tyre & Industries, an automotive tyre, tubes and flaps manufacturing company, jumped 8 per cent on the Bombay Stock Exchange after New-Delhi based company reported lower-than-expected 9.86 per cent YoY drop in net profit at Rs 101.40 crore for the quarter ended September 30. Following the Q2 earnings report, shares of company gained as much as 8.01 per cent to hit intraday high

Realty stocks rebound over 4% as investors digest black money puzzle

Shares of real estate companies rebounded over 4 per cent on Thursday, after falling over 10 per cent yesterday, as traders reassessed the government’s decision to ban Rs 500 and Rs 1000 notes in a bid to crackdown on black money. In line with benchmark indices, index heavyweights such as DLF, Housing Development & Infrastructure and Indiabulls Real Estate gained between 9-7 per cent.

TCS gains over 2% post Cyrus Mistry's removal

Shares of Tata Consultancy Services rose over 2 per cent on the Bombay Stock Exchange after Tata Sons nominated Ishaat Hussain as the chairman of the board of directors of the company in place of Cyrus P. Mistry with immediate effect. Following the announcement, shares of company gained as much as 2.20 per cent to hit intraday high of Rs 2219.00 apiece on Bombay Stock Exchange.

In a s

ICICI Bank plunges 10% on rising bad loan problem

Shares of ICICI Bank tumbled 10 per cent on the Bombay Stock Exchange after the country’s largest private sector lender reported that its profit slip to 12.85 per cent at Rs 2,978.95 crore for the September quarter due to rise in bad loan.

Asset quality worsened further in Q2 as gross NPAs during the quarter jumped 18.3 per cent quarter-on-quarter to Rs 32,179 crore and net NPAs

Consumer durable stocks plunge 7% on black money crackdown

Shares of consumer durable companies tumbled nearly 7 per cent on Wednesday as investors reacted to the government’s surprise move of withdrawing currency notes of Rs 1,000 and Rs 500 as it seeks to crackdown on black money. The move, effective from Tuesday midnight, viewed as a positive one for the longer-term, but could adversely affect short-term consumption in Asia’s third bigge

TCS tumbles over 6% as Trump leads presidential race

Shares of Tata Consultancy Services, the country’s largest software exporter, tanked over 6 per cent on the Bombay Stock Exchange after media report suggested that Republican candidate Donald Trump is leading the US presidential elections. The market expert opined that Trump victory will create new challenges to the USD 150 billion IT services industry which is already facing on growth du

IT stocks nosedive as Trump inches towards a win

Shares of information technologies companies were bleeding in red on Wednesday after media report suggested that Republican candidate Donald Trump is leading the US presidential elections.

Weighed down by the development, index heavyweights such as Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, Tech Mahindra were down between 3-5 per cent on the local bourses. Mean

Real estate shares slump by 20% on the bourses

Shares of real estate companies were under severe pressure falling by around 20 per cent on the bourses after Prime Minister Narendra Modi on Tuesday announced that Rs 500 and Rs 1,000 currency notes would no longer be printed, as part of his government's fight against black money.

As per reports, Delta Corp, DLF, Housing Development & Infrastructure (HDIL), Indiabulls Real Es

VA Tech Wabag jumps over 10% as Q2 profit surges

Shares of VA Tech Wabag rose over 10 per cent in early trade on the Bombay Stock Exchange after the company reported a 70 per cent growth in consolidated net profit at Rs 24 crore for the quarter ended September 30, 2016 (Q2FY17) as compared to Rs 14 crore in the same quarter year ago. Boosted by strong Q2, shares of company gained as much as 10.51 per cent in intra-day to trade at Rs 517.00 ap

Hindalco Ind gains nearly 3% on robust earnings from Novelis

Shares of Hindalco Industries rose nearly 3 per cent on the Bombay Stock Exchange after the company's wholly owned subsidiary, Novelis, reported strong earnings for the second quarter ended September 30, 2016. Riding high on robust earnings from Novelis, shares of company gained as much as 2.83 per cent in intra-day to trade at Rs 172.25 apiece on Bombay Stock Exchange.

In a simil

PNB Housing Finance extends rally; scrips jump 11%

Shares of PNB Housing Finance extended their gaining streak for the second day on Tuesday and rallied nearly 11 per cent on the Bombay Stock Exchange amid sustained buying by foreign institutional investors (FIIs). According to data available with exchange, FIIs purchased equity shares worth of Rs 500 crore of the company through open market transaction.

PNB Housing Finance, promoted

Engineers India surges over 5% on bonus issue plan

Shares of Engineers India soared over 5 per cent on the Bombay Stock Exchange after state-controlled firm said that its board may consider the issue of bonus shares in the above said board meeting. The board of directors of the company will meet on November 16, 2016, to consider and approve un-audited financial results of the company for the second quarter ended on September 30, 2016 and issue